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Oct 4, 2012
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no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about $3,600. the reason is, i believe we do best when the middle class does well. and by giving them those tax ts, they have a little more money in their pocket so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a computer for their kid who is going off to college. it means they are spending more money, businesses have more profits and then hire more workers. now governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cu
no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about...
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Oct 4, 2012
10/12
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we did not know that big bird was driving the federal deficit, but that is what we heard last night. how about that? elmo, too? look, the fact is governor romney's numbers do not add up. i had to spend time last night trying to pin it down. the only way to pay for $5 trillion in the tax cuts and $2 trillion in the defense spending that the military says it does not need is by asking the middle-class to pay more. i refuse to do that. i refuse to ask middle-class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut, just to pay for more tax cuts that we cannot afford. i will never turn medicare into a voucher. governor romney doubled down on the proposal last night, and he is wrong. no american should have to spend their golden years at the mercy of insurance companies. they should retire with the dignity they have earned. we will perform and strengthen medicare for a long haul, but reducing the cost of health care, not by asking seniors to pay thousands of dollars more, and we will keep promise of social security by
we did not know that big bird was driving the federal deficit, but that is what we heard last night. how about that? elmo, too? look, the fact is governor romney's numbers do not add up. i had to spend time last night trying to pin it down. the only way to pay for $5 trillion in the tax cuts and $2 trillion in the defense spending that the military says it does not need is by asking the middle-class to pay more. i refuse to do that. i refuse to ask middle-class families to give up their...
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Oct 5, 2012
10/12
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we have seen trillion-dollar deficits. the road this president has put us on looks like europe, which is not working and it will not work here. if the president is reelected, this president will have a trillion-dollar deficit every year, we will end up with a $20 trillion debt, and you do not e that money, you do not see that that, but you will be paying the interest on it all your lives, and then your kids will be paying for it, and you will be wondering why the government is doing this, and it is racking up all the interest. take us down a path like your. there are countries on the verge of fiscal collapse or calamity or crisis. that is the path he is taking us on. i will take us on a different course. i will help create 12 million new jobs and rising take-home pay. i will get us on track to a balanced budget. i will restore personal freedom in part by getting rid of "obamacare" and returned to people the right they have to deal with their own health care with their own physicians. this president is trying to make all th
we have seen trillion-dollar deficits. the road this president has put us on looks like europe, which is not working and it will not work here. if the president is reelected, this president will have a trillion-dollar deficit every year, we will end up with a $20 trillion debt, and you do not e that money, you do not see that that, but you will be paying the interest on it all your lives, and then your kids will be paying for it, and you will be wondering why the government is doing this, and...
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Sep 28, 2012
09/12
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i do think the deficit is a real issue. you cannot borrow for ever. look at what is going on in spain and italy. and throughout europe. you are walking on eggshells. at some point this debt will come back to haunt us. we do need to recognize that you cannot borrow for ever. we have learned that from europe. when you start implementing sharp austerity, you will see a social unrest throughout madrid. as we speak, you have protesters pouncing on the floor of parliament because they do not want the austerity. we can i get to the point. -- we cannot get to that point. that is a dangerous scenario. we need to hear our leadership recognize and communicate that this is an issue but we are handling it. we haven't really seen that. host: this story this morning from "the financial times." we will show you that article. and the current unemployment rate of 8.1%. with all these numbers and worries, why is the stock market at 13,500 points? should we look at that as an indication of economic strength or health? guest: there is a disconnect in the stock market vers
i do think the deficit is a real issue. you cannot borrow for ever. look at what is going on in spain and italy. and throughout europe. you are walking on eggshells. at some point this debt will come back to haunt us. we do need to recognize that you cannot borrow for ever. we have learned that from europe. when you start implementing sharp austerity, you will see a social unrest throughout madrid. as we speak, you have protesters pouncing on the floor of parliament because they do not want the...